CSG Actuarial has compiled all of the new business rate increases implemented on Medicare Supplement blocks of business since 2011. The overall average rate increase for year-to-date 2021 is 4.6%, the lowest since 2018. Historical average rate increases by year since 2011 are shown below.
Year | New Business Rate Increase |
---|---|
2011 | 8.4% |
2012 | 7.0% |
2013 | 5.0% |
2014 | 4.2% |
2015 | 2.8% |
2016 | 3.8% |
2017 | 3.7% |
2018 | 4.0% |
2019 | 4.9% |
2020 | 5.4% |
2021 | 4.6% |
The average new business Medicare Supplement rate increase by implementation month for 2020 and 2021 are shown below.
The historical Medicare Supplement average new business rate increases by plans for plans F, G, N, and HDF are shown below.